Copyright © 2024 HealthEquity, Inc. All rights reserved. | HealthEquity does not provide legal, tax or financial advice.
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This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. This presentation includes a summary of certain information contained in our public filings filed with the Securities and Exchange Commission (SEC), which public filings are expressly incorporated herein by reference (see http://ir.healthequity.com/), and other publicly available information. Readers are encouraged to review our public filings for further information.
This presentation contains "forward-looking" statements that are based on our management'sbeliefsand assumptions and on information currently available to management. These forward-looking statements include, without limitation, statementsregarding our industry, business strategy, plans, goals and expectationsconcerning our market
position, product expansion, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "may," "believes," "intends," "seeks," "anticipates," "plans," "estimates," "expects," "should," "assumes," "continues," "could," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements represent our management's beliefs and assumptions only as ofthe date of this presentation. Our actual future results may be materially differentfrom what we expect. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Readers are encouraged to review our public filings with the SEC for further disclosure of other factors that could cause actual results to differ materially from those indicated in any forward-looking statements included herein.
This presentation also contains estimatesand other statistical data made by independent partiesand by us relating to market size and growth and other data aboutour industry. This data involves a number of assumptions and limitations, and you are cautioned notto give undue weight to such estimates.
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Jon
Kessler
President and CEO
15 years at HealthEquity
I'm proud to be at HealthEquity because...
- of the mission. I've always found that empowered people get better results. And in healthcare, "results" = saving and improving lives.
3
FY24 results
8.7M
HSAs +9%YoY
$25.2B
HSA assets +14%YoY
15.7M
Total accounts +5%YoY
HealthEquity | |||
HealthEquity key metrics for fiscal year ending January 31, 2024. | Client Advisory Board | 4 | 4 |
September 2023 | |||
Our continued commitment to communicate multi-year targets
2014
20%+
revenue growth
35%+
adj. EBITDA growth
2016
Double digit
revenue growth
Bottom line growth
to outpace top line growth
2019
Outpace
the market and gain market share
2024
3-year target
Double non-GAAPnet income per share
Outpace
industry growth
5
We save and improve lives by empowering healthcare consumers
Lian Family | Our Mission | |
HealthEquity Members | 6 | |
Today's
agenda
01 Consumer-Directed Benefits Market
02 HealthEquity Strategy
- Deepen Partnerships
- Deliver Remarkable Experiences
- Drive Member Outcomes
03 Financial Performance
04 Q&A
7
Tia
Padia
EVP and Chief
Marketing Officer
2.5 years at HealthEquity
I'm proud to be at HealthEquity because…
…we can help every family improve financial security, regardless of their economic situation.
8
Leading the growth of health savings…
Total HSA assets | HQY HSA assets | ||
Total HSAs
Total HSA assets
Total HSA + CDB revenue
HQY HSA + CDB revenue share
2010
~6 million
~$10B assets; 9% invested
~$2 billion
~1%
Present
~35 million
~$120B assets; 36% invested
~$5 billion+
~20%
Future
~50 million
~$300B assets; 50%+ invested
~$10 billion+
~30%+
Reported Total HSA and HealthEquity assets 2010 to 2023 sourced from Devenir HSA Market Reports 2010 to 2023. Projections of Total HSA assets and HealthEquity asset share beyond 2023 are management's estimates based upon extrapolation of Devenir and other market source data.
9
Sales results
FY24
~33%
Market Capture
949K
New HSAs
708K
Net Growth
14%
HSA Asset Growth YoY1
HealthEquity key metrics for fiscal year ending January 31, 2024, except market capture which is based on Devenir Mid-year report for June 30, 2023.
HealthEquity | ||
All Hands Meeting | 10 | 10 |
September 2023 | ||
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Disclaimer
HealthEquity Inc. published this content on 21 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 13:45:09 UTC.